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The Nexus
BUSINESSJul 1 · 08:59 UTCTHE RIO TIMESRichard Mann

Nubank Bids for a Portuguese-Owned Bank to Win a Full License

Nubank filed a binding offer to acquire Banco Caixa Geral Brasil, the Brazilian arm of Portugal’s state bank, for approximately 42 million euros. The acquisition aims to secure a full Brazilian banking license, with the transaction largely financed through assumed debt.

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NubankorganizationBanco Caixa Geral BrasilorganizationPortugal’s state bankorganizationBrazilian banking licensetopicPortugalplace
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